What's Hot: Whole Foods at Walter Reed to Open at End of June | Will This Be the DC Area's First $60 Million House?
FHFA Will Provide Multifamily Mortgage Relief in Exchange for Eviction Moratoriums
A day after the National Multifamily Housing Council urged property owners to enact moratoriums on evictions and rent increases, the Federal Housing Finance Agency (FHFA) is making it easier to follow through.
FHFA announced Monday afternoon that Fannie Mae and Freddie Mac will extend conditional mortgage forbearance to multifamily property owners who suspend evictions for delinquent renters affected by COVID-19. Any eviction moratorium must be in place throughout the entire forbearance period.
story continues below
loading...story continues above
“Renters should not have to worry about being evicted from their home, and property owners should not have to worry about losing their building, due to the coronavirus," FHFA director Mark Calabria said in a statement. "The multifamily forbearance and eviction suspension offered by the Enterprises should bring peace of mind to millions of families during this uncertain and difficult time."
Photo by Ted Eytan.
UrbanTurf's Coverage of COVID-19
- Lyft To Donate Free Essential Rides
- Bank of American Allowing Borrowers to Defer Mortgage Payments
- A Look at 5 Housing Non-Profits in DC
- Van Ness Co-op Building Implements Strict COVID-19 Measures
- HUD, FHFA Suspend All Evictions, Foreclosures Through April
- Two Grocers and Mega Retailer Change Hours for Seniors
- DC Council Passes Sweeping COVID-19 Emergency Bill
See other articles related to: evictions, fannie mae, fhfa, freddie mac, moratorium, mortgage forbearance, mortgages, pandemic
This article originally published at https://dc.urbanturf.com/articles/blog/fhfa-trading-multifamily-mortgage-relief-for-eviction-moratoriums/16632.
Most Popular... This Week • Last 30 Days • Ever

A look at the larger residential developments in the works from Cardozo to Mount Vern... read »

The Heights, a ten-stall food hall that is taking over the spaces formerly occupied b... read »

A piece of legislation quietly introduced in the House of Representatives earlier thi... read »

Whole Foods announced yesterday that the 47,000 square foot store will open on June 2... read »

Developer EYA and the Washington Metropolitan Area Transit Authority will go before D... read »
- The 9 Developments and 1,250 Units in the Works For Shaw
- Friendship Heights Food Hall Could Open This Month
- Will This Proposed Bill Increase the Number of Homes For Sale?
- Whole Foods at Walter Reed to Open at End of June
- 435-Unit Development Planned For Takoma Metro Station Looks For Historic Approval
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro